News & Events Archive – 2017

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First-Citizens Bank & Trust Company Announces Another Early Termination of Loss Share Agreements!

Thursday, March 30, 2017

Congratulations to First Citizens BancShares, Inc (Nasdaq: FCNCA) & First-Citizens Bank & Trust Company (First Citizens) of Raleigh, North Carolina for successfully terminating their FDIC loss share agreements on their sixth failed bank receivership: Venture Bank.

As of March 29, 2017 First Citizens will now recognize entirely all future gains, recoveries, […]

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Southern Bank & Trust Company Announces Early Termination of Loss Share Agreements!

Wednesday, March 8, 2017

Congratulations to Southern Bank and Trust Company of Mount Olive, North Carolina for successfully terminating their FDIC loss share agreements on their failed bank receivership: Bank of the Commonwealth.

As of March 7, 2017 Southern will now recognize entirely all future gains, recoveries, charge-offs, losses and expenses related to the formerly covered assets with no […]

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DD&F Sponsoring Arkansas Bankers Legacy of Leadership Banquet

Tuesday, March 7, 2017

On April 11, from 7-9 pm at the Robinson Center Ballroom, DD&F is sponsoring an event you won’t want to miss. The theme for this year’s Arkansas Bankers Legacy of Leadership Banquet is “Banking and All That Jazz!”

Join your fellow Arkansas Bankers for a Jazzy night of dining entertainment featuring Lagniape Trio with […]

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Oriental Bank Announces Termination of Loss Share Agreements

Monday, March 6, 2017

Congratulations Oriental Bank!

Congratulations to OFG Bancorp (NYSE: OFG) and Oriental Bank (Oriental) of San Juan, Puerto Rico for successfully terminating their FDIC loss share agreements on their failed bank receivership:  Eurobank.

The agreement was reached on February 7 and in the first quarter of 2017, the termination agreement will eliminate […]

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Mutual of Omaha Bank Announces Termination of Loss Share Agreements

Monday, March 6, 2017

Congratulations Mutual of Omaha Bank!

Congratulations to Mutual of Omaha Bank (Mutual) of Omaha, Nebraska for successfully terminating their FDIC loss share agreements on their failed bank receivership:  Marco Community Bank.

The agreement was reached on January 30 and in the first quarter of 2017, the termination agreement will eliminate from […]

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FirstMerit Bank Successfully Terminates FDIC Loss Share Agreements

Wednesday, January 25, 2017

Congratulations FirstMerit Bank NA!

Congratulations to FirstMerit Bank NA (FirstMerit) of Akron, Ohio for successfully terminating their FDIC loss share agreements on their two failed bank receiverships:  George Washington Savings Bank and Midwest Bank & Trust Company.

The agreement was reached on January 25 and in the first quarter of […]

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